$4 Billion of Increased Investment for Joint US-UAE Initiative for Climate-Smart Agricultural Innovation Announced at COP26

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TheAgriculture Innovation Mission for Climate (AIM for Climate)– a major new initiative led by the United Arab Emirates (UAE) and United States (US) with the support of over 30 governments –officially launched today and announced an “early harvest” of $4 billion of increased investment to accelerate innovation for climate-smart agriculture and food systems over the next five years.The UAE has pledged $1 billion of increased investment as part of this initiative.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Special Envoy for Climate Change and UAE Minister of Industry and Advanced Technology,said: “AIM for Climate is focusing on a sector that has been previously overlooked in terms of the opportunities it offers for global climate action. This initiative demonstrates the UAE’s holistic and inclusive approach to climate action, which characterizes our offer to host COP28. The United Arab Emirates has already driven change in the energy sector through green innovation and growth, investing over $17 billion in clean energy around the world. AIM for Climate is a smart extension of that investment strategy, and the UAE is pleased to pledge $1 billion as part of the initiative.”

John Kerry, U.S. Special Presidential Envoy for Climate, said: “The United States is proud to be launching the Agriculture Innovation Mission for Climate initiative alongside the United Arab Emirates and over 80 partners across the globe. Investment in climate-smart agriculture innovation is critical to addressing the climate crisis. Innovation can reduce emissions, feed the world’s growing population, and help farmers and ranchers mitigate and adapt to climate change. AIM for Climate has an impressive start, garnering $4 billion in increased investment in climate-smart agriculture and food systems innovation thus far, but together AIM for Climate partners can and must do more to catalyze even greater investment in the years ahead. I look forward to seeing what AIM for Climate can accomplish and encourage more to join this effort.”

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